Home textiles are special fabrics used for home furnishing & decoration. These fabrics are used for a variety of decorative & functional products that are used for house decorating. Apart from decorative applications, these products can be used across different functions for instance carpeting, as window shades, table & bed coverings and towels. These home textile products are produced by knitting, knotting, crocheting, weaving, and pressing fiber together.
As per analysis, “Home Textile Products Market: Segmented By Product Type (Bedroom Linen, Bathroom Linen, Carpets and Floor Covering and Others); By Distribution Channel (Online and Offline); and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” the key companies operating in the global home textile products market include Loftex China, LTD., Franco Manufacturing Company, Inc., Grasim, Mehera Shaw, Welspun Group, Evezary Co., Ltd., GHCL Limited, Luolai Home Textile, Trident Group and among others. Leading market participants are investing more into Research & Development (R&D) to fulfill the changing customers’ demands and enhance their product portfolio. Innovations like wood curtains and dyed fiber for Ultra-Violet (UV) protection, are also driving the global market.
On the basis of product type, home textile products market is segmented as carpets & floor coverings, bedroom linen, bathroom linen and others. Bathroom linen includes bath towels, bathrobes, bath mats and among others. The segment is projected to grow at higher growth rate owing to growth of end-use sectors, such as housing, hospitality and growth in fashion sensitivity of urban clients toward home furnishings, rapidly mounting fashion trends in home textiles and rise in demand for digitally printed home textiles. Additionally, on the basis of distribution channel, market is segmented as online and offline channel. Offline channel segment is expected to exhibit substantial growth rate as these outlets provide support of store associates to help choose the right product during the forecast period.
The home textile products market is driven by surge in sensibility toward aesthetic household furnishing, growth in real estate market, increase in penetration of e-commerce, rise in disposable income, growth in number of nuclear families, rapid industrialization & urbanization, growth in renovation & fashion sensitivity and modern lifestyle. However, availability of counterfeit products and high competition and high cost of logistics may impact the market. Moreover, growth in investment in research & development (R&D) and increase in product portfolio are key opportunities for market.
Based on geography, the Asia-Pacific region dominates the global home textile products market owing to increase in inclination towards modernizing the interior of the households and improved standard of living coupled with rise in spending power across the region. The Europe and North-America regions are likely to witness higher growth rate due to growth in number of sellers and manufacturers over the forecast period. It is predicted that global home textile products market will be reached at rapid pace on account of rise in awareness about changing home decor trends, growth in intention of home renovation and change in home furnishing patterns during the forecast period.
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Global Home Textile Products Market Analysis
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